Allegheny Energy Reports Third Quarter 2008 Results

[2008-12-23 17:03:34]

Allegheny Energy Reports Third Quarter 2008 Results

http://www.marketwatch.com/news/story/Allegheny-Energy-Reports-Third-Quarter/story.aspx?guid=%7BD4A1 [2008-11-4]

Tag : Power Transmission Equipment

In addition to historical information, this release may contain anumber of "forward-looking statements" as defined in the PrivateSecurities Litigation Reform Act of 1995. Words such as anticipate,expect, project, intend, plan, believe, and words and terms ofsimilar substance used in connection with any discussion of futureplans, actions, or events identify forward-looking statements.These include statements with respect to: rate regulation and thestatus of retail generation service supply competition in statesserved by Allegheny Energy's distribution business, AlleghenyPower; financing plans; demand for energy and the cost andavailability of raw materials, including coal;provider-of-last-resort and power supply contracts; results oflitigation; results of operations; internal controls andprocedures; capital expenditures; status and condition of plantsand equipment; capacity purchase commitments; regulatory matters;and accounting issues. Forward-looking statements involveestimates, expectations and projections and, as a result, aresubject to risks and uncertainties. There can be no assurance thatactual results will not materially differ from expectations. Actualresults have varied materially and unpredictably from pastexpectations. Factors that could cause actual results to differmaterially include, among others, the following: plant performanceand unplanned outages; changes in the price of power and fuel forelectric generation; general economic and business conditions;changes in access to capital markets; complications or otherfactors that render it difficult or impossible to obtain necessarylender consents or regulatory authorizations on a timely basis;environmental regulations; the results of regulatory proceedings,including proceedings related to rates; changes in industrycapacity, development and other activities by Allegheny Energy'scompetitors; changes in the weather and other natural phenomena;changes in customer switching behavior and their resulting effectson existing and future load requirements; changes in the underlyinginputs and assumptions, including market conditions used toestimate the fair values of commodity contracts; changes in lawsand regulations applicable to Allegheny Energy, its markets or itsactivities; the loss of any significant customers or suppliers;dependence on other electric transmission and gas transportationsystems and their constraints or availability; changes in PJM,including changes to participant rules and tariffs; the effect ofaccounting policies issued periodically by accountingstandard-setting bodies; and the continuing effects of globalinstability, terrorism and war. Additional risks and uncertaintiesare identified and discussed in Allegheny Energy's reports filedwith the Securities and Exchange Commission.
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